Inventory Management Masterclass

Course Info

Length: 2 Weeks

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • Mar-04-2024

    Kuala Lumpur

  • Apr-01-2024

    Kuala Lumpur

  • May-06-2024

    Kuala Lumpur

  • June-03-2024

    Kuala Lumpur

  • July-01-2024

    Kuala Lumpur

  • Aug-05-2024

    Kuala Lumpur

  • Sep-02-2024

    Kuala Lumpur

  • Oct-07-2024

    Kuala Lumpur

  • Nov-04-2024

    Kuala Lumpur

  • Dec-02-2024

    Kuala Lumpur

Dates in Other Venues

  • Feb-26-2024

    London

  • Feb-26-2024

    Amsterdam

  • Mar-04-2024

    Istanbul

  • Mar-11-2024

    Singapore

  • Mar-11-2024

    Paris

  • Mar-18-2024

    Barcelona

  • Mar-18-2024

    Dubai

  • Mar-25-2024

    Amsterdam

  • Mar-25-2024

    London

  • Apr-01-2024

    Istanbul

  • Apr-08-2024

    Singapore

  • Apr-08-2024

    Paris

  • Apr-15-2024

    Barcelona

  • Apr-15-2024

    Dubai

  • Apr-22-2024

    London

  • Apr-29-2024

    Amsterdam

  • May-06-2024

    Istanbul

  • May-13-2024

    Singapore

  • May-13-2024

    Paris

  • May-20-2024

    Dubai

  • May-20-2024

    Barcelona

  • May-27-2024

    Amsterdam

  • May-27-2024

    London

  • June-03-2024

    Istanbul

  • June-10-2024

    Singapore

  • June-10-2024

    Paris

  • June-17-2024

    Dubai

  • June-17-2024

    Barcelona

  • June-24-2024

    London

  • June-24-2024

    Amsterdam

  • July-01-2024

    Istanbul

  • July-08-2024

    Singapore

  • July-08-2024

    Paris

  • July-15-2024

    Barcelona

  • July-15-2024

    Dubai

  • July-22-2024

    London

  • July-29-2024

    Amsterdam

  • Aug-05-2024

    Istanbul

  • Aug-12-2024

    Singapore

  • Aug-12-2024

    Paris

  • Aug-19-2024

    Barcelona

  • Aug-19-2024

    Dubai

  • Aug-26-2024

    London

  • Aug-26-2024

    Amsterdam

  • Sep-02-2024

    Istanbul

  • Sep-09-2024

    Paris

  • Sep-09-2024

    Singapore

  • Sep-16-2024

    Barcelona

  • Sep-16-2024

    Dubai

  • Sep-23-2024

    London

  • Sep-30-2024

    Amsterdam

  • Oct-07-2024

    Istanbul

  • Oct-14-2024

    Paris

  • Oct-14-2024

    Singapore

  • Oct-21-2024

    Barcelona

  • Oct-21-2024

    Dubai

  • Oct-28-2024

    London

  • Oct-28-2024

    Amsterdam

  • Nov-04-2024

    Istanbul

  • Nov-11-2024

    Singapore

  • Nov-11-2024

    Paris

  • Nov-18-2024

    Dubai

  • Nov-18-2024

    Barcelona

  • Nov-25-2024

    Amsterdam

  • Nov-25-2024

    London

  • Dec-02-2024

    Istanbul

  • Dec-09-2024

    Singapore

  • Dec-09-2024

    Paris

  • Dec-16-2024

    Dubai

  • Dec-16-2024

    Barcelona

  • Dec-23-2024

    London

  • Dec-30-2024

    Amsterdam

Course Details

Course Outline

10 days course

 

Inventory in the Value Chain

 

  • The purpose of inventory in the value chain.
  • Classification of inventory.
  • Procedure for eliminating obsolete inventory.
  • Pareto Law in identifying product Classification.
  • Location of inventory.
  • Using Economic Order Quantity on managing inventory order levels.
 
Demand Planning

 

  • Basic forecasting methods.
  • Customer segmentation.
  • Hierarchy of planning.
  • Aggregate planning.
  • Maintenance & Inventory planning meeting.
  • Master Scheduling.

 

Forecasting

 

  • Principles of forecasting
  • Effect of lead time on the forecasting process
  • Quantitative forecasting
  • Qualitative forecasting
  • Tracking forecast accuracy
  • ·Determining safety stock
 
Inventory Recording

 

  • Period stock take
  • Cycle counting
  • Perpetual recording
  • Utilizing Bar-cades to manage inventory and movements
  • The use of Radio Frequency Identification (RFID) for recording inventory movement
  • Inventory accounting

 

Performance Measurement
 
  • Stock turnover rate
  • Customer service
  • Cost of operations
  • Measuring the effectiveness of your system
  • How to use the measurements
  • Class exercise on selective inventory management
 
Setting the right stock levels
 
  • A simple assessment of review levels.
  • Managing lead times.
  • Target stock levels.
  • The changing role of purchasing.

 

Modern supply practice
 
  • Supply partnerships.
  • The ordering processes.
  • Order quantities.
  • Purchasing processes.
  • Forecasting demand.

 

Options for assessing demand
 
  • Causes of forecasting techniques.
  • Methods of improving forecasts.
  • Historical forecasting techniques.
 
Basic forecasting techniques
 
  • Weighted averages.
  • Choosing the best forecast.
  • Monitoring forecasts.
  • Advanced forecasting methods.

 

More forecasting tools

 

  • Forecasting for seasonal sales.
  • Other methods.
  • Material requirements planning – an alternative to forecasting.

 

Avoiding uncertainty

 

  • Material requirements planning.
  • Master planning.
  • Batch sizes.
  • The future – inventory and logistics.

 

The basis of the lean supply chain
 
  • Logistics.
  • Review.

Course Video